Soybean futures market closed on Friday with contracts down 2 to 6 ¼ cents, while May soybeans still posted a 24 ½ cent gain. The cmdtyView national average cash price for soybeans dropped by 2 cents to $11.50 1/4. Weekly data from the CFTC showed an increase of 23,205 contracts, bringing the net long position to 222,107 contracts. Soybeans export commitments totaled 36.49 million metric tons, reflecting a 19% decrease from the previous year, representing 85% of the USDA’s estimate for 2025/26.
June soybean futures closed at $12.25 1/4, down 2 cents, while July and August futures ended at $12.37 1/2 (down 2 1/2 cents) and $12.18 1/4 (down 3 cents) respectively. Meanwhile, Brazil’s soybean crop estimate was slightly adjusted down to 177.85 million metric tons according to CONAB.
